Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0102%/8h= −11.1% APRpaid last 24h −0.049%

Price spread now: Variational Omni against edgeX−0.010%119s7-day average +0.027% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.407%−$41 on $10k

Price spread, last 7 days+0.001%$0 · spread now −0.010%, 7d avg +0.027%

Together, before fees−0.407%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.037% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 119 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SPCXUSDC	152.64	0.0286	pay 0.0143% / 4h	1h 31m	$1.7M	$893K	20x
Short	Variational Omni SPCX	152.63	0.0184	get 0.0184% / 8h	1h 31m	$6.0M	$3.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21.36
Price spread: −0.010% → +0.027%: −$3.71
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.07
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 2 min ago	1.64 bp	6.1 bp −$6	7.2 bp −$72	21.3 bp −$2,129	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.33 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0272% / S +0.0488%	1h	152.63	−0.005%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.008%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+13.015%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.67	+0.018%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.85	+0.136%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	+0.005%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.59	−0.034%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.047%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.047%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+3.019%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.64	−0.001%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.015%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.64	−0.001%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	−0.001%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.087%	$3.2M	$2.6M	10x	as long as short
Bullet SPCX-USD	+0.0060%	1h	152.64	−0.001%	$11K	$189K	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.63	−0.008%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0070%	8h	152.65	+0.002%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0080%	8h	152.65	+0.005%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.56	−0.054%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.53	−0.074%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.67	+0.018%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	+0.005%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	+0.013%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0115%	1h	152.62	−0.015%	$130.0M	$107.4M	20x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.68	+0.025%	$30.8M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	152.67	+0.018%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCXshort	+0.0184%	8h	152.63	−0.010%	$6.0M	$3.9M	—
Binance SPCXUSDT	+0.0199%	8h	152.65	+0.007%	$255.7M	$1.38B	75x	as long as short
Extended SPCX-USD	+0.0200%	1h	152.63	−0.010%	$715K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0212%	1h	152.56	−0.056%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.58	−0.041%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0245%	8h	152.72	+0.050%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0256%	1h	152.71	+0.044%	$741K	$947K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0274%	1h	152.64	−0.001%	$71K	$1.1M	10x	as long as short
edgeX SPCXUSDClong	+0.0286%	4h	152.64	long leg	$1.7M	$893K	20x
Phoenix SPCX	+0.0314%	1h	152.65	+0.005%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.67	+0.018%	$31.0M	$66.5M	75x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	+0.038%	$402K	$541K	20x	as long as short